Gbm Resources Limited · ASX:GBM

Gbm Resources — Shareholder Meeting (November 2023)

31 slides from Gbm Resources's shareholder meeting presentation, Nov 29, 2023

  1. Slide 1: AGM Presentation

    AGM Presentation ASX:GBZ 29 November 2023

  2. Slide 2: Important notices

    Important notices This Document is not a Prospectus nor an Offer to Subscribe for Shares and Options (the “New Securities”) in any jurisdiction. The distribution of this Document in jurisdictions outside of Australia may be restricted by law. Any person who comes into possession of this Document in

  3. Slide 3: Corporate Summary

    Corporate Summary Capital Structure $0.060 10 Millions 9 $0.050 8 Ordinary shares on issue 620.3 million 7 $0.040 6 Unlisted options (>$0.06, various expiries) 17.3 million $0.030 5 4 Performance Rights 1.1 million $0.020 3 2 $0.010 Share Price (28 November 2023) A$0.013 1 $- - Sep Oct Nov Dec Jan F

  4. Slide 4: Our Business – Focus on Drummond Basin

    Our Business – Focus on Drummond Basin Focus on discovering 100% owned, quality gold ounces at core Drummond Basin projects - Twin Hills and Yandan • Expand the current GBM 1.84 Moz Au resource base1  2 to 3 Moz Au • Prioritize targets with potential to deliver high grade ounces  +2.0 g/t Au open

  5. Slide 5: GBM - 2023 progress and 2024 plans

    GBM - 2023 progress and 2024 plans  Significant increase in gold resources and quality1 in Drummond Basin  December 2022, Twin Hills resource update  March 2023, Yandan resource update  Quality tenement package attracted interest of Newcrest (now Newmont) with significant expenditure (A$6.1 to S

  6. Slide 6: GBM is targeting 3 Moz Gold Resource in Drummond Basin

    GBM is targeting 3 Moz Gold Resource in Drummond Basin Currently 1.84 Moz Au Resources Twin Hills → 1 Moz of resources with potential opportunity for open pit mining Excellent potential for significant discovery Entrance Portal to 309 Underground Mine, September 2020

  7. Slide 7: GBM - Drummond Basin Core Exploration Projects

    GBM - Drummond Basin Core Exploration Projects Townsville Mt Wright 70 km Charters Towers Hadleigh Castle 0.7 Moz Au 1.0 Moz Au Key reasons that GBM is in Drummond Basin, Queensland, Australia Charters Towers 7.1 Moz Au Ravenswood 8.6 Moz Au Mt Carlton  Significant history of resource discovery in

  8. Slide 8: GBM’s Drummond Resource Base

    GBM’s Drummond Resource Base Target 2020 targeted +1 Moz resource base 2023 delivered 1.84 Moz with 300% increase MEA+ IND Target33Moz Moz  90% of resource ounces on permitted mining leases for potential Additi accelerated development onal 1-  Higher grade Measured + Indicated + Inferred core to r

  9. Slide 9: GBM - Newmont Mt Coolon Farm-in

    GBM - Newmont Mt Coolon Farm-in  Accelerates exploration of prospective large Drummond tenement package  Significant exploration spend on Mt Coolon farm-in by Tier 1 gold producer Newmont Mt Coolon Farm-in Resource: 330 koz Au1,2  Allow GBM to focus $ and exploration team on Twin Hill and Yandan

  10. Slide 10: GBM - Newmont Mt Coolon Farm-in

    GBM - Newmont Mt Coolon Farm-in Newmont Mt Coolon Farm-in Resource: 330 koz Au1,2 Legend Yandan Project GBM EPM granted 100% GBM Newmont Mining Resource: 514 koz Au4 Farm-in GBM focused Yandan exploration projects Eugenia Newmont focused exploration projects Koala Glen Eva Epithermal prospects Illam

  11. Slide 11: GBM Twin Hills - District Scale Exploration

    GBM Twin Hills - District Scale Exploration Historic Soils Au ppb  1.0 Moz Au and 4.8 Moz Ag in M + Ind + Inf resources > 50 25-50 Bullock Creek 10-25  All on permitted mining lease 5-10 Hill 253 3-5  Priority resource extension and near resource exploration targets  Large underexplored prospect

  12. Slide 12: GBM Twin Hills – Resources and Priority Exploration Targets

    GBM Twin Hills – Resources and Priority Exploration Targets Geology Late Carboniferous  Twin Hills Corridor – 10 km Corridor Post mineral cover 309 Deposit and intrusives  Priority resource extension and near resource exploration drill targets 10.6 Mt @ 1.5 g/t Au Late Devonian for 0.52 Moz Au1 Ta

  13. Slide 13: GBM Twin Hills - 309 Trend Drill Targets

    GBM Twin Hills - 309 Trend Drill Targets 309 Deposit NW  309 Trend – Compelling Coreshed and 309 South drill targets 10.6 Mt @ 1.5 g/t Au for 0.52 Moz Au1 Section: 309 Trend 1.8 km NNW Resistivity Trend parallel to key fault orientation 309 high grade 309 high grade Coreshed 309 South Open down plu

  14. Slide 14: GBM Twin Hills - 309 Deposit High Grade Down Plunge Targets

    GBM Twin Hills - 309 Deposit High Grade Down Plunge Targets 309 Plan View with block model 309 Cross Section (Looking north northeast with 50 m towards and away) Bulk mineable configuration and gold W E grades High grade eruption High grade stage with visible gold breccia 40 to 50 m wide + 4 g/t

  15. Slide 15: GBM Twin Hills - Lone Sister Deposit

    GBM Twin Hills - Lone Sister Deposit High Grade down plunge and along strike target Lone Sister Plan View with block model 2022 Resource Historic Soils Au ppb Lone Sister Long Section Block Model Au g/t > 5.0 > 50 (Looking east with 50 m towards and away) Bulk mineable configuration 2.5 to 5.0 25-5

  16. Slide 16: GBM Yandan – District Scale Potential

    GBM Yandan – District Scale Potential  515 koz Au (Ind + Inf) Yandan resources Kroman  Most on permitted mining lease  Yandan new priority conceptual high-grade feeder zone target Whiteglow  Large underexplored prospective district scale tenement package with 11 known gold Hercules systems Firef

  17. Slide 17: GBM Yandan - New Geology Model with High Grade Target Concept

    GBM Yandan - New Geology Model with High Grade Target Concept Yandan Schematic Deposit Model S Yandan East Hill Cross Section (viewing west) N 200 mRL Increasing grade Higher grade gold intersections at base of resource  43.7 m at 13.9 g/t Au best intersection 0.3 m @ 278 g/t Au 100 mRL Andesite Vo

  18. Slide 18: GBM Yandan - Yandan Main and East Hill High-grade Feeder Zone Target

    GBM Yandan - Yandan Main and East Hill High-grade Feeder Zone Target Waihi Gold Mine – Favona Deposit  Compelling conceptual high grade fissure vein target Targeting high grade Metamorphic 1.8 Mt at 10.3 g/t Au for fissure vein mineralisation Basement 0.57 Moz Au2  New geological interpretation su

  19. Slide 19: GBM Yandan - Illamahta Large scale underexplored epithermal gold system

    GBM Yandan - Illamahta Large scale underexplored epithermal gold system Illamahta Gold Prospect Plan View East Hill Main Pit  2.2 Mt @ 0.8 g/t Au (Inf resource) 1 Metamorphic No Drilling Basement Target zone  Strong Yandan analogy South Hill Yandan +0.5 g/t Au  Attractive very under explored expl

  20. Slide 20: GBM Yandan West Large scale underexplored gold systems

    GBM Yandan West Large scale underexplored gold systems  Maps showing (A) soil anomalies > 5 ppb Au across the Yandan Project overlain on magnetics (RTP). Coverage of soil samples is also shown with just 8% of the project covered by soil sampling. (B) Gold in soil (ppb) overlain on magnetics (RTP) a

  21. Slide 21: Recent Progress and News Flow

    Recent Progress and News Flow Key Milestones Ahead - Calendar Years 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 Malmsbury Gold Project - remaining 50% sold (VIC) Completed sale to Novo Resources Corp  NVO shares/warrants issued to GBM  Escrow Ends Mount Coolon - JV with Newmont - 100% (QLD) Soils, Geophysics Fi

  22. Slide 22: Contact

    Contact Peter Rohner Managing Director GBM Resources +61417780462 Level 5, Suite 502 303 Coronation Drive Milton QLD 4064 www.gbmr.com.au ASX: GBZ

  23. Slide 23: Appendix

    Appendix

  24. Slide 24: A team with a proven track record

    A team with a proven track record Peter Rohner, Managing Director  Metallurgist (BSc, Grad. Dip Applied Finance) with 35 years’ project development and metallurgical plant operations experience  14 years in Director / officer roles in public and private resources companies  Founder and Technical

  25. Slide 25: Mineral Resource Estimates

    Mineral Resource Estimates The announcements containing the Table 1 Checklists of Assessment and Reporting Criteria relating to the 2012 JORC compliant Resources are:  Koala/Glen Eva and Eugenia – GBM ASX Announcement, 4 December 2017, Mt Coolon Gold Project Scoping Study, note these resources have

  26. Slide 26: Other Assets – Cloncurry JV

    Other Assets – Cloncurry JV  High potential copper-gold ground in NW Qld mineral province CLONCURRY  JV partner Nippon Mining funding exploration JV ~$1.0m in 2023/24. DRUMMOND BASIN Mine MT MORGAN Priority Project with Cloncurry JV (44%, with Nippon Mining 56%) Initial Resource Key Exploration 

  27. Slide 27: Cloncurry Copper-Gold JV

    Cloncurry Copper-Gold JV Planned 2023/24 exploration focus just north of Ernest Henry

  28. Slide 28: Other Assets – Mt Morgan

    Other Assets – Mt Morgan  High potential gold-copper tenements (1,017 km2) surrounding the world class historic Mt Morgan mine (7.7 Moz gold and 361 kt copper) CLONCURRY JV DRUMMOND BASIN  Vend out being progressed Mine MT Priority Project with Mount Morgan (100%, deal to vend out in process) MORG

  29. Slide 29: Mt Morgan – District Scale Gold Copper Exploration Opportunity

    Mt Morgan – District Scale Gold Copper Exploration Opportunity 29

  30. Slide 30: White Dam Gold-Copper Heap Leach Operation

    White Dam Gold-Copper Heap Leach Operation

  31. Slide 31: White Dam Gold-Copper Heap Leach

    White Dam Gold-Copper Heap Leach GBM White Dam Gold Resource – JORC 2012  Small producing gold project  Resources attractive for a new mining campaign White Dam North Resource Outline  102 koz gold JORC resource 1 1.2 Mt @ 0.5 g/t Au for 20,300 oz Au  Recently announced Alliance with Portia Gold

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